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Utilization-Dependent Costs, Shock Propagation, and Consolidation in a Multi-Tier Photovoltaic Supply Chain

with Mengfei Li, Zibo Liu, Lezhen Wu, Xiaole Wu

Working Paper 2025

Structural model of the four-tier photovoltaic supply chain analyzing capacity, M&A, and industrial policy.

Recommended citation: Bin, Z., Li, M., Liu, Z., Wu, L., & Wu, X. (2025). Utilization-Dependent Costs, Shock Propagation, and Consolidation in a Multi-Tier Photovoltaic Supply Chain. Working Paper.
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